Planning

Early Market Engagement - Maintaining Debt Advice Capacity (due to income loss) in England

MONEY AND PENSIONS SERVICE

This public procurement record has 6 releases in its history.

Planning

24 Jul 2020 at 08:39

Planning

20 Jul 2020 at 07:09

Planning

17 Jul 2020 at 09:17

Planning

10 Jul 2020 at 08:53

Planning

09 Jul 2020 at 11:51

Planning

09 Jul 2020 at 11:47

Summary of the contracting process

The Money and Pensions Service, an arm's-length body sponsored by the Department for Work and Pensions, is conducting an early market engagement process titled "Maintaining Debt Advice Capacity (due to income loss) in England". This initiative is part of a strategic effort to ensure access to debt advice amid increased demand due to the coronavirus pandemic. The engagement phase is currently in the planning stage, with a milestone set for engagement completion by 28 July 2020. The campaign targets those in the financial and insurance services sector, specifically focusing on organisations capable of providing free debt advice in England, with a delivery address in London (postal code EC1N 2TD).

This tender creates opportunities for businesses engaged in providing financial counselling and debt advice services. Organisations that are particularly well-suited to participate include those with relevant FCA authorisations, proven capability in delivering free debt advice, and those that maintain MaPS-accredited quality standards. By participating in this engagement and providing insights into their capacity challenges, these organisations may secure funding aimed at enhancing their service delivery amid ongoing economic pressures.

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Notice Title

Early Market Engagement - Maintaining Debt Advice Capacity (due to income loss) in England

Notice Description

Money and Pensions Service is an arm's-length body sponsored by the Department for Work and Pensions (DWP), and it has a joint commitment to provide access to the information and guidance people across the UK need, to make effective financial decisions over their lifetime. Background It is critical people have access to debt advice when they need it and the UK Strategy for Financial Wellbeing sets out a goal of 2 million more people receiving debt advice by 2030. The coronavirus pandemic has had a significant impact on the economy and people's personal finances and we expect demand for debt advice services to increase. To help combat this, in June MaPS secured an extra PS38 million to help providers deliver advice to more people in England who may be experiencing financial problems due to coronavirus. The PS38m has been broken into a number of funding streams; to support organisations to maintain their current capacity, and to increase capacity and help more people get the advice they need. Work has already been underway to allocate funding. Increasing Debt Advice Capacity Discussions with existing suppliers and pre-market engagement with debt advice providers not currently funded by MaPS has taken place to develop ideas on increasing the capacity of high-quality, free-to-customer debt advice by recruiting and training additional debt advisers. Further details related to this funding will be available through the MaPS website (see Links below) Maintaining Debt Advice Capacity We are pleased to announce the next phase of activity, funding to support debt advice providers who have seen a drop in income as a result of Covid-19 which is putting their vital work in helping overindebted clients at risk. Following a webinar on 17 July (a recording will be available on this page) we will be inviting organisations that meet the eligibility criteria - including those not currently funded by MaPS-to participate in an early market engagement survey and supply information about reduced income linked to Covid-19 and the impact this is having on maintaining pre-pandemic capacity to provide debt advice. The engagement is vital to give us a wider picture of sector capacity and to understand where high quality, free-to-customer debt is at risk. We will use this insight to inform any future formal application process. Which organisations might be eligible for funding: 1. Hold the relevant FCA authorisations to provide debt advice and be an existing debt advice service. 2. Provide free to customer debt advice 3. Hold a MaPS accredited quality standard or hold the relevant FCA authorisations for handling client money. 4. Provide debt advice in England What is out of scope: 1. Support for equipment to enable home or remote working 2. Lost income that has been mitigated through other support (eg furlough, other grants or support for third sector) would not be eligible 3. Lost income or funding not directly related to coronavirus Additional information: Want to find out more? MaPS will be hosting a webinar for organisations wanting to know more about this funding stream and to outline the next steps in the process. A link to a recording of the webinar hosted on Friday 17th July is now available in the attachment section. MaPS will be pleased to respond to any questions received by 28th July 2020. Kindly email commercial@maps.org with ref 20-89G in the subject line.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-251cf21b-9110-4e63-be88-d4c40b655598
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/267c8dd2-1635-4b9a-b24d-8e4731236252
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

98 - Other community, social and personal services


CPV Codes

66000000 - Financial and insurance services

98000000 - Other community, social and personal services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jul 20205 years ago
Submission Deadline
Not specified
Future Notice Date
28 Jul 2020Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
MONEY AND PENSIONS SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC1N 2TD
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified

Local Authority
Camden
Electoral Ward
Holborn & Covent Garden
Westminster Constituency
Holborn and St Pancras

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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